Embedded SIM Market Revenue Continues to Dominate with CAGR of 29.9% Globally To 2027

Embedded SIM Market

The Embedded SIM marketis set to attain a valuation of USD 3019.1 Million by 2027, registering a CAGR of 29.9 %. The applications of embedded SIM are widespread in several industries includingenergy & utilities, retail, automotive, transportation & logistics, manufacturing, and consumer electronics.

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Prominent Players Profiled in the Embedded SIM Market:

KORE Wireless Group Inc., Giesecke+Devrient Mobile Security GmbH, Arm Limited, Gemalto NV, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V., Deutsche Telekom AG, Sierra Wireless Inc., and Vodafone Group Plc among others.

Market Drivers

The major driving force for the development of the Embedded SIM marketisthe increasing adoption of IoT connected devices.The lack of remote provisioning functionality, IoT devices are required to be connected wirelessly, and the restriction of conventional SIM cards on proper functioning, which is anticipated to increase demand for embedded Sim (eSIM) during the projected period.eSIMs allow uninterrupted access to mobile networks and optimize the connection control, including safety-wise which is positively affecting the market.

• Solution Outlook (Revenue, USD Million; 2017-2027)
  • Hardware
  • Connectivity Services
• Application Outlook (Revenue, USD Million; 2017-2027)
  • Smartphones
  • Laptops
  • Wearables
  • Connected Cars
  • Machine to Machine
  • Others
• End-Use Outlook (Revenue, USD Million; 2017-2027)
  • Energy & Utilities
  • Automotive
  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Consumer Electronics

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Overview of the TOC of the Report:

• Introduction, Scope, and Overview
• Opportunities, Risks, and Drivers
• Competition landscape analysis with sales, revenue, and price
• Extensive Profiling of the key competitors with the sales figures, revenue, and market share
• Regional analysis with sales, revenue, and market share for each region for the forecast period
• Country-wise analysis of the Embedded SIM by type, application, and manufacturers
• Market Segmentation based on types
• Market segmentation based on applications
• Historical and forecast estimation and other chapters.

Regional Analysis

According to the report, the North Americaregion is anticipated to dominate theEmbedded SIM market. This is due to the implementation of smart grids in the region and other smart solutions. Europe is projected to experience considerable growth due to the implementation of eCall regulation in the region and the key leaders in the market presence ha increased the competitiveness.The Asia Pacific is anticipated to experience high gains during the projected year due to the increasing adoption of IoT and the demand for embedded connectivity in cars.

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